10/25/2022

Rishi Sunak - UK Prime Minister

 
















Immediately after taking over as UK Prime Minister, Rishi Sunak said “I am honored to become the prime minister”.

Rishi Sunak was born on 12 May 1980 in Southampton, one of three children. He is of Indian descent. His grandparents were born in India before moving to East Africa and then the UK in the 60s.

His father was a medical doctor while his mother ran a pharmacy in southern England, something Sunak says gave him his desire to serve the public.

“British Indian is what I tick on the census, we have a category for it. I am British, this is my home and my country, but my religious and cultural heritage is Indian, my wife is Indian. I am open about being a Hindu,” Sunak said.

Sunak is the first Hindu to become British prime minister. He is the first British Asian to become prime minister and the first nonwhite to take the top job. At 42, he is the youngest prime minister in more than 200 years.

His wife is Akshata Murty. They met while both were studying at Stanford University in the US. They married in 2009. They have two daughters, Anoushka and Krishna.

Ms Murty is the daughter of Indian billionaire N R Narayana Murthy, who founded software company Infosys

Sunak is not just rich, he is super rich and some ask if his vast fortune makes him too rich to be prime minister

Sunak and his wife have an estimated fortune of about 730 million pounds ($830 million), according to the Sunday Times Rich List. On this year’s list, published before her death, Queen Elizabeth II was estimated to have about 370 million pounds ($420 million).

It is the first time in history that the residents of Downing Street are richer than those of Buckingham Palace.

Mr Sunak worked as an analyst for the investment bank Goldman Sachs between 2001 and 2004. He then worked for hedge fund management firm The Children’s Investment Fund Management and became a partner in 2006.

In 2010 he became a founding member of private investment partnership, Theleme Partners. He left the firm in 2013 to pursue his political career.

Sunak was first elected as a Member of Parliament  in 2015. 

Prime Minister Boris Johnson gave Sunak his first major government role, appointing him as chief secretary to the Treasury in 2019 and promoting him to chancellor in 2020.

Sunak has experience of economic crisis-fighting. During the pandemic, Sunak put in place measures worth £400 billion ($452 billion) to boost the economy. But that stimulus came at a huge cost. The UK is in the midst of a deep cost-of-living crisis and growing inequality.

 



Adapted from CNN, The Washington Post and NPR